Zacks: Analysts Anticipate Norwegian Cruise Line Holdings Ltd. (NCLH) Will Announce Quarterly Sales of $1.39 Billion

Wall Street analysts expect that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will announce $1.39 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Norwegian Cruise Line’s earnings, with the lowest sales estimate coming in at $1.38 billion and the highest estimate coming in at $1.40 billion. Norwegian Cruise Line posted sales of $1.29 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 7.8%. The firm is expected to report its next quarterly earnings results on Wednesday, May 1st.

On average, analysts expect that Norwegian Cruise Line will report full year sales of $6.41 billion for the current fiscal year, with estimates ranging from $6.38 billion to $6.42 billion. For the next fiscal year, analysts expect that the company will post sales of $7.13 billion, with estimates ranging from $7.03 billion to $7.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, February 21st. The company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.06. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS.

NCLH has been the subject of several recent analyst reports. Wolfe Research set a $64.00 price target on Norwegian Cruise Line and gave the company a “buy” rating in a research note on Tuesday, December 11th. BidaskClub upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Sanford C. Bernstein upgraded Norwegian Cruise Line from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Wedbush lifted their price target on Norwegian Cruise Line from $44.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 22nd. Finally, TheStreet upgraded Norwegian Cruise Line from a “c+” rating to a “b-” rating in a research note on Wednesday, February 6th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.92.

NASDAQ NCLH opened at $55.75 on Friday. Norwegian Cruise Line has a fifty-two week low of $39.36 and a fifty-two week high of $58.09.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 6,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $50.44, for a total transaction of $310,407.76. Following the completion of the sale, the chief executive officer now directly owns 295,767 shares in the company, valued at approximately $14,918,487.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew Stuart sold 42,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $55.95, for a total value of $2,349,900.00. Following the sale, the chief executive officer now owns 389,434 shares of the company’s stock, valued at $21,788,832.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,661 shares of company stock valued at $5,934,318. 0.98% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of NCLH. Commonwealth Equity Services LLC boosted its holdings in shares of Norwegian Cruise Line by 65.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,924 shares of the company’s stock worth $799,000 after purchasing an additional 5,488 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Norwegian Cruise Line by 9.0% during the 3rd quarter. Alliancebernstein L.P. now owns 365,105 shares of the company’s stock worth $20,968,000 after purchasing an additional 30,040 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Norwegian Cruise Line by 24.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,322,854 shares of the company’s stock worth $248,261,000 after purchasing an additional 840,511 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $3,109,000. Finally, American International Group Inc. boosted its holdings in shares of Norwegian Cruise Line by 4.7% during the 3rd quarter. American International Group Inc. now owns 70,813 shares of the company’s stock worth $4,067,000 after purchasing an additional 3,150 shares during the last quarter. Institutional investors own 88.85% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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